Successful Trades on Nov. 18, 2013

By: DailyForex.com

GBP/USD

Based on Christopher Lewis analysis of the GBP/USD, “Because of this, I am bullish of this pair again, and do believe that the daily close above the 1.61 handle is somewhat significant”. That creates an investment opportunity in the following positions: “High”, “Touch” and “No Touch down”.

With OptionFair™ binary options trading platform, I traded $1700 on the “Touch” instrument. This kind of option has a return of 72% if the option touches the strike price prior to expiry, which means that if the signal is correct, I could get a return of $1224 on my investment.

The market price for the GBP/USD at the buying time (13:00) was 1.61102 and the target price was 1.61125 for the expiration of 13:15. The Asset touched my target price at 13:05 and I made $1224.

USD/JPY

According to Adam Lemon’s analysis of the USD/JPY, “Either way, that is the only direction I am going in this market, up”. That creates an investment opportunity on the instruments: “High”, “Touch” and “No Touch down”.

I logged in the OptionFair™ binary options trading platform and I traded $1600 on the "High" instrument. This kind of option has a return of 70% if the option will close above the target price, which means that if the signal is correct I could get a return of $1120 on my investment.

The target price for USD/JPY at the buying time (11:26) was 99.868 for the expiration of 11:40. The Asset closed on 99.917 and I made $1120.